State Street Investment Management launched the State Street IG Public & Private ABS ETF $(PRAB)$, an actively managed exchange-traded fund. The fund primarily allocates to investment-grade asset-backed securities, including collateralized loan obligations and residential and commercial mortgage-backed securities. State Street said the private ABS allocation may include securities sourced by Apollo Global Securities. The firm said its public and private credit ETF suite has attracted about USD 980 million in assets as of February 28, 2026.

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